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View Diary: Leak of Identities & Emails of Rich Hiding *$32 Trillion* Offshore (240 comments)

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  •  The money that is moved from the public (6+ / 0-)

    treasury into the private sector isn't printed. We do that by key strokes now, both when the Fed transfers dollars to banks and when the Social Security Administration makes pension payments. Although the latter now are mandated to go through banks, these regular electronic transfers have not placated the banksters because they can't play with these funds as they'd like, but have to keep them available for the owners of the accounts to draw down. They get to use them short-term and keep whatever interest they can collect that way, but they can't make long-term bets. If there was an intent to compensate banks for having taken away the graduate education loan program, it hasn't worked. Student loans were a gravy train AND an enabler of spurious training programs set up by corporate cronies.

    We organize governments to deliver services and prevent abuse.

    by hannah on Thu Apr 04, 2013 at 07:35:30 AM PDT

    [ Parent ]

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